SPH buys 284-bed student dorms in Germany for $23.3m

The property is located in Bremen University which houses a population of 19,000 students.

Singapore Press Holdings (SPH) announced that it has entered into an asset purchase agreement with Liberty Living, a subsidiary of Straits Nine, to acquire a Purpose-Built Student Accommodation (PBSA) asset in Bremen, Germany for $23.3m (€15.56m).

As United Kingdom stood as a key focus for SPH’s investments, the purchase in Germany marks the official diversification of the company beyond the UK.

The freehold asset, Galileo Residenz, comprises of 284 beds and is located on the University of Bremen Campus, which has a student population of over 19,000, accounting for approximately 60% of the total number of students in Bremen.

Galileo Residenz has achieved near-full occupancy over the past nine years.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia